The rhetoric is being ramped up and it's looking more likely that Greece will at some point in the not too distant future, cut ties with the EU. The EU has said today that's Greece's future in the EU is at stake. I don't think at this point the Greeks would be too upset to return to sovereign control over their own currency.
So which banks that we can readily trade have the most exposure ? German and French, also here in the US JPM and probably even worse, MS.
I put out a short call on DB last week, it's down since. It may make some sense to look at any strength in DB to establish a short position. MS is in terrible shape, I don't see the set up there yet, other then just jumping in and riding the established downtrend of 3 months solid.
The DB negative divergence and current minor positive divergence.
I would prefer to enter DB near the white box to reduce risk and get better positioning. Perhaps set an alert on DB's price as a reminder. If you don't have the capability, check out www.Freestockcharts.com which is real-time charting with no 20 min delay. You can set alerts for price there.
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